ExxonMobil-led partnership initiates FEED for Ca Voi Xanh gas project offshore Vietnam

ExxonMobil and its partners plan a multi-billion-dollar development of the Ca Voi Xanh (Blue Whale) gas/condensate field in block 118 offshore Vietnam.

Jan 30th, 2019

Offshore staff

IRVING, Texas – ExxonMobil and its partners plan a multi-billion-dollar development of the Ca Voi Xanh (Blue Whale) gas/condensate field in block 118 offshore Vietnam.

Pending approvals, executed gas sales agreements, and a final investment decision in 2020, the company and partners PetroVietnam and PetroVietnam Exploration Production Corp. aim to install a single offshore platform, a subsea pipeline transporting the gas to shore, an onshore gas treatment plant, and overland pipelines feeding the gas to two dual-train power plants for electricity generation.

The partners have awarded Saipem’s XSIGHT division the offshore-onshore front-end engineering design contract, the offshore scope including the platforms, gas/condensate sealines, and offshore fiber optic cabling.

Saipem says Ca Voi Xanh is the country’s largest offshore gas and condensate reservoir.

According to Liam Mallon, president of ExxonMobil Development Co., the project could generate $20 billion in revenue to the Vietnamese government, thousands of local jobs and improved energy security from domestic gas development.

Vietnam Electricity, PetroVietnam and Sembcorp are in talks to construct and operate the power plants. The proposed base development is expected to generate three gigawatts of power, equivalent to about 10% of Vietnam’s current total power demand.

01/30/2019

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